Lorman offers professional resources regarding COVID-19 and the 2020 Election

Live Webinar

60-minute live streaming program
  • October 1
  • 1:00 - 2:00 pm EST

Guidelines for Financial Analysis and Management of Your Project

October 1

Learn to manage and communicate the financial status and impact of your projects with senior management.

Projects are defined by three critical elements, the work or scope to be done, the timeframe or schedule in which to do it, and resources or budget needed to pay for it. Project managers are often in control of planning and managing the first two, but the third one, the project budget is often controlled by the organization’s finance department. For this reason, project estimates, cost tracking, forecasting, and return on investment (ROI) are often a mystery to them. When the project manager does not understand an aspect of the project, they cannot manage and control it. This topic will help you understand the principles of project budgeting and financial tracking. The material will present tools and techniques of project estimating, tracking forecasting and ROI calculations will be illustrated. In addition, the unique challenges associated with project financial management will be presented and discussed. Projects, by their very nature, have an element of uncertainty, yet when it comes to financial matters, most businesses are averse to financial uncertainty. This information is critical for project managers so they can both manage and accurately communicate the financial status and impact of their projects with senior management.

Learning Objectives

  • You will be able to define ROI as it applies projects.
  • You will be able to describe the financial performance of a project.
  • You will be able to discuss the financial needs for a project.
  • You will be able to explain the pros and cons of different project estimating techniques.

Purchase Options

More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Financial Principles Overview
  • Elements of a Financial Transaction
  • Project Management Context for Finance
  • Projects as the Financial Shock Absorber
Project Cost Estimating
  • Top Down and Bottom up
  • Estimating Approaches
  • Estimating Uncertainty
Return on Investment
  • Principle of ROI
  • Estimating Project Benefits
  • ROI Techniques
Project Financial Tracking
  • Establishing Percent Complete
  • Tracking Expenses
  • Variance Analysis
Project Financial Forecasting
  • Estimate to Complete vs Estimate at Completion
  • Trend Analysis
  • Earned Value Analysis
Purchase Options

More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • CPE 1.2 including Management Services 1.2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Management Services for 1.2 hours. Prerequisite: basic knowledge of personal development. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

Who should attend?

This live webinar is designed for supervisors, team leaders, business owners and managers, presidents, vice presidents and project managers, operations managers, and administrative professionals.

Purchase Options

More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Raymond Sheen

Raymond Sheen

Product and Process Innovation, Inc.

  • President of Product and Process Innovation, Inc.
  • Practice focuses on the successful implementation of new technologies for an organization, this includes the technical performance, the effectiveness of the implementation, and the organizational response to the technology change, recently, most of the work has been training and consulting with respect to digital transformation
  • Certified as Project Management Professional (PMP) and as a Scrum Master, he has been teaching these topics for over 20 years through organization such as Worcester Polytechnic Institute, Clemson University, and the China Institute for Innovation, in addition, he has provided training and consulting in this field directly to Fortune 100 clients on three continents
  • Author of the books, HBR’s Building Your Business Case and Demystifying Earned Value Analysis; co-author to ; has written several articles related to this topic, one of which is the blog article: https://ray-sheen.blogspot.com/2015/09/ten-steps-for-project-estimating.html
  • Member of Project Management Institute (PMI) and the Institute of Electrical and Electronic Engineers (IEEE), also selected as a Fellow at the Institute for Digital Transformation
  • M.S. degree in astronautical engineering, Massachusetts Institute of Technology; B.S. degree in mechanical engineering, U.S. Air Force Academy; graduate certificate in digital transformation strategy, Boston University
  • Can be contacted at 864-430-1880 or [email protected]
Purchase Options

More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!


  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 409115
Published 2021
Purchase Options

Register today before this event fills.